TUALATIN, Ore., Aug. 25, 2015 /PRNewswire/ -- CUI Global, Inc.
(NASDAQ: CUI), today announced the appointment of Joseph A. Mills as an independent director of
the company, effective immediately. Mr. Mills' appointment expands
the Board to 7 directors, 5 of whom are independent directors.
"Joe's 30+ years of broad experience across the energy value
chain, from the Upstream, Midstream and mineral industries will add
a valuable perspective to our Board of Directors," said
William Clough, CUI Global's
president & CEO. "We appreciate his willingness to serve
as a director and look forward to benefitting from his experience,
judgment, and counsel."
Mr. Mills is currently Chairman of the Board and Chief Executive
Officer of Eagle Rock Energy G&P, LLC, the General Partner of
Eagle Rock Energy Partners, LP. ("Eagle Rock") (NASDAQ: EROC). Mr.
Mills has served in this capacity since May of 2007. Eagle Rock is
a growth MLP focused on the upstream sectors. In addition, Mr.
Mills serves as Chief Executive Officer of Montierra Minerals &
Production, LP, a privately held partnership focused on the
upstream and mineral segment in the
United States.
Before becoming the Chairman & CEO of Eagle Rock and
launching Montierra Minerals, Mr. Mills served as Sr. Vice
President of Operations for Black Stone Minerals Company and was
responsible for managing all the drilling, leasing and technical
operations for the Company. Before that, Mr. Mills served in a
variety of executive positions at El Paso Production Company, which
included roles as the Senior Vice President of Acquisitions,
Technical Services and Gulf of Mexico Division. In this
capacity, Mr. Mills was responsible for all the acquisition and
divestiture activities worldwide at the E&P Company as well as
managing the drilling, development and production activities in the
Gulf of Mexico region.
Mr. Mills is a member of the board of directors at The Texas
Alliance of Energy Producers and an active member in various
professional organizations, including: IPAA; TIPRO; Texas Pipeline
Association; Houston Association of Professional Landmen (HAPL);
and American Association of Professional Landmen (AAPL).
"I am very pleased to welcome such an experienced industry
professional as Joe Mills to the CUI
Global board," said William Clough.
"He brings extensive expertise in areas vital to CUI Global,
particularly our Natural Gas Division. He is a genuine global
oil & gas expert with an exceptional rolodex and understanding
of the fundamentals of the industry."
Mr. Mills commented, "I am delighted to be joining such a
progressive, growth oriented company as CUI Global, whose recent
performance I have observed with great interest. I am looking
forward to contributing to further profitable growth and enhancing
shareholder value at CUI Global as it expands its commercial
footprint in the natural gas industry, one of the fastest growing
energy sectors."
About CUI Global, Inc.
Delivering Innovative
Technologies for an Interconnected World . . . . .
CUI
Global, Inc. is a publicly traded company dedicated to maximizing
shareholder value through the acquisition and development of
innovative companies, products and technologies. From Orbital Gas
Systems' advanced GasPT2 platform targeting the energy sector, to
CUI Inc's digital power platform serving the networking and telecom
space, CUI Global and its subsidiaries have built a diversified
portfolio of industry leading technologies that touch many markets.
As a publicly traded company, shareholders are able to participate
in the opportunities, revenues, and profits generated by the
products, technologies, and market channels of CUI Global and its
subsidiaries. But most importantly, a commitment to conduct
business with a high level of integrity, respect, and philanthropic
dedication allows the organization to make a difference in the
lives of their customers, employees, investors and global
community.
For more information please visit www.cuiglobal.com
Important Cautions Regarding Forward Looking
Statements
This document contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Such statements are subject to risks and
uncertainties that could cause actual results to vary materially
from those projected in the forward-looking statements. The company
may experience significant fluctuations in future operating results
due to a number of economic, competitive, and other factors,
including, among other things, our reliance on third-party
manufacturers and suppliers, government agency budgetary and
political constraints, new or increased competition, changes in
market demand, and the performance or reliability of our
products. These factors and others could cause operating
results to vary significantly from those in prior periods, and
those projected in forward-looking statements. Additional
information with respect to these and other factors, which could
materially affect the company and its operations, are included in
certain forms the company has filed with the Securities and
Exchange Commission.
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SOURCE CUI Global, Inc.